Transacted Prices will give you an idea of the neighbourhood’s property price trend.

Analysis & Comparison

Analysis and comparison of average transaction, for sale and for rent prices for landed, non-landed and commercial properties within Bayan Lepas *

* To provide you the most accurate information some columns may appear as ‘Insufficient Data’ due to insufficient transactions in the area

Non-Landed

Landed

Commercial

Avg Transacted Price

Avg Transacted Price(Psf)

Avg For Sale Listing Price

Avg For Sale Listing Price(Psf)

Avg For Rent Listing Price

Avg For Rent Listing Price(Psf)

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Bayan Lepas is a district located in the southeast of the Penang Island. It encompasses townships like Batu Maung, Bayan Baru, Bayan Lepas, Bukit Jambu, Relau, Sungai Ara and Sungai Nibong.

The district is home to the Bayan Lepas Free Industrial Zone, an important focal point for the state's industrial activities with many factories of international companies, particularly from the semiconductor industry, situated here. The industrial zone fuels much of the growth of residential and commercial developments within the area.

It is easy to get around Bayan Lepas, as the district has several main roads, such as Jalan Bayan Lepas, Jalan Dato Ismail Hashim, Jalan Sultan Azlan Shah, Jalan Tun Dr Awang and Persiaran Rajawali, in addition to a busy network of smaller roads. Many buses also pass through the district.

The Penang International Airport in Bayan Lepas holds the title of the busiest airport in the northern Malaysia and the oldest airport in the country. In 2011, the airport was further renovated and expanded, increasing its annual capacity to 5 million passengers. Value of the properties in the district has seen growth over the years, especially with the upgrading of the airport, as well as the expansion of the free industrial zone and the opening of the Second Penang Bridge.

There is no lack of facilities of all kinds in Bayan Lepas. Other than the abundant public schools, there are prominent private educational institutions such as the Straits International School, Fairview International School and Inti International College, while the district's main hospital is the Pantai Hospital Penang in Bayan Baru.

The meeting of Jalan Bayan Lepas and Jalan Dato Ismail Hashim forms the heart of the Bayan Lepas town centre. It is also the location of the Bayan Lepas Market, a old wet market that was opened in the 1930s. The district is also served by the Bayan Baru wet market, Sunshine Square, Giant Hypermarket Bayan Baru, and the shopping malls of Kompleks Bukit Jambul and Queensbay Mall.

Further development plans for Bayan Lepas include proposed land reclamation in several neighbourhoods to accommodate the construction of sports facilities, residential and industrial developments, a road expansion project connecting Teluk Kumbar to Bayan Lepas, and an LRT line stretching from Komtar in Georgetown to the Penang International Airport, via locations like the Subterranean Penang International Conference & Exhibition Centre (SPICE) and the Bayan Lepas Free Industrial Zone.

Consumer Price Index

This is a representation of Penang Consumer Price Index (CPI) for the year of 2011 - 2015

Did you know?

A consumer price index (CPI) measures changes in the price level of a market basket of consumer goods and services purchased by households. (Wikipedia)

The Consumer Price Index (CPI) line shows an increment in prices of essential goods on a yearly basis, while the Percentage Changes line shows the level of changes in price increments over the years. For example, a dip in the CPI line may indicate a low level of price increment as compared to the previous year while a surge in CPI line shows a high level of price increment as compared to the previous year.

The above graph shows 1.742% of price changes in essential goods such as rice, meat and tobacco between the years 2011 and 2012, while increasing in difference to 2.093% in 2013. Prices of essential goods then increasing to 3.169% in the year 2014 while surging by 2.529% in 2015.

While the prices of essential goods have shown a variation in the Percentage Changes, the Consumer Price Index (CPI) on the other hand indicates a reality of ever increasing prices in essential goods with increments between the years 2011 - 2015 at 102.7 in 2011, 105.1 in 2012, 107.3 in 2013, 110.7 in 2014, 113.5 in 2015.

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